Can you save on your home loan?

In the wake of the present economic meltdown, you cannot really expect the home loan rates to go down considerably anytime soon. And, a home loan generally remains one of the biggest fiscal responsibilities for most of the borrowers out there. So, if the near- future doesn’t hold any promise of plummeting rates, does it mean that you won’t really be able to save up for the future? Absolutely no! There is a string of valid ways to save on your home loans. Going through this post will help you discover what these ways are.

It always helps to dig deep. Read on to know further.

The question is – “Can you expect to save on your home loan in this dismal economic scenario?” You can – by trying out the following tips.

Choose the type of home loan you want wisely

Would you prefer home loans with variable rates or fixed rates? When you opt for home loans with fixed rates, the rate remains unaffected by the changing market conditions throughout the loan term. They will not come down if the global rates come down or go up when the market rates increase. With fixed rates, you won’t have to worry about future spikes in rate. On the other hand, you might as well end up regretting if the rates decrease in future since you can’t make the most of this opportunity.

With a home loan with variable rates you can take advantage of the (possible) decrease in rates. However, you have to be prepared to shell out higher rates in case the global rates go up. These loans act just in an opposite fashion to what home loans with fixed rates do.

Now, the type of loan you end up choosing will definitely determine whether at all you’re able to make any saving or not. With variable rates you have serious chances to save money but only when you are able to read the future economic trends properly. If you are able to speculate successfully that the rates will go down in the near future then you can settle for variable loans. In this regard, let us tell you that variable loans might turn out to be a great option if you are planning to prepay. Borrowers generally prepay when the rates go down.

Saving on your home loans

When it comes to savings on fixed rate home loans, let us tell you that you can save up considerably on your loans if you are diligently comparing the rates of interest charged by multiple lenders. Make sure you are browsing the websites of various lenders in order to find out what exactly they are providing in terms of loans and what they are charging on these loans. You would only be able to judge whether a particular lender is offering market competitive rates or not when you are comparing its rate of interest with that of others.

If you are really looking for affordable rates and quality services, then please consider checking Newcastle Permanent Building Society’s website. And please remember that the rates of interest are not the only attributes judging the cost of your loan. Processing charges, prepayment penalties, late fees are just a few of the other factors to be taken into account as well.

Forex Charts And Their Importance In Trading Online

Forex trading online provides an immense opportunity for the traders to make good profits from their investments. But it takes time to understand which currency pairs to invest, when to invest and how much to invest. There are several methods to predict the future movement of the currency and technical analysis using Forex charts is one of them.

Introduction to Forex charts

The Forex charts show how the currency performed historically and these graphs are built by recording several prices for a timeframe specified. You will get to know about the high and low price, opening and closing and average price of the currency over each time frame used in the charts. Having this useful information helps in trading online as you will be predicting the future movements of the currency using technical indicators and analysis.

Different Types Of Charts

The most common ones are Candlestick charts, bar chart and the Line chart. Line charts are simplest Forex charts which contains line drawn from one closing price to the next closing price. When joined together with a line, it shows the general price movement of a currency pair over a period of time. Bar charts are more complex than line charts but provide a better view of the movement of the price in a given timeframe. It shows opening and closing price for a particular time period and also the highs and lows. The top point is the highest price touched and the bottom is the lowest price. The horizontal hash on the left is opening price while the horizontal on the right is the closing price. Candlestick charts that help in trading online are similar to bar charts but they provide a better visibility to the price movements. The large block in the middle indicates the opening and closing price in the timeframe unit. If the color of the box is black, the top of the block is opening price and the bottom is closing. If the box is not colored it means the top is closing and the bottom is opening price. The topmost point in the line above the box is highest price point in the given period and the lowest point in the line below the box is the lowest price point.

Importance of Forex charts for trading online

Forex trading is not a gamble and nobody can get success in it without proper planning. Therefore using different tools at sites like for trading online and analyzing the market is very important in this field. Forex charts are very useful for doing the technical analysis of the Forex market and predicting the future trends in the prices. It is said in Forex field that history repeats itself and therefore using Forex charts to find the direction of the market is the job of every smart Forex trader who wants to be successful in this field.

Pros and Cons of Trading Forex

Forex trading is fast becoming a popular way to make a bit extra on the side, with some even choosing to shut up shop and take it on full time.It’s very easy to see the allure of this market, being your own boss and working from the comfort of your home is more than enough motivation for anyone to consider forex trading as a new career. However it isn’t all fun and games. Before you pack up your desk and tell your boss where to poke it, we’ve put together a list of the pros and cons of forex trading to help inform your decision.


  • High Liquidity

Compared with other financial markets, the forex market has the largest number of participantsin turn resulting in the highest level of liquidity. This eliminates price anomalies and irradiates manipulationmeaning tighter spreads.

  • Low Capital Requirements

Tight spreads allow you to easily forge a forex career with a minimal initial capital. Other markets such as equities require much more to make it worthwhile and possible to trade. Margin trading with high leverage is the icing on the cake for forex traders. Trading on such high margins comes with its risks, but it does in turn make it easier to increase your profits with limited capital.

  • No Central Exchange

Forex is an over-the-counter worldwide market, meaning that there is no regulator or central exchange. Central banks will occasionally interfere when needed, however these are pretty rare events only occurring under pretty extreme circumstances.

  • Suits Varying Trading Styles

Forex Markets are in operation 24/7 enabling traders to work whenever it’s convenient along with accommodating various trading strategies. Whether you prefer to take up short term or long term positions, FX trading is very accommodating and allows you to tailor your approach however you wish.

  • Volatility = Profit

Major currencies frequently display large fluctuations in value. A wisely placed trade on a high volatility assist can result in enormous profit making opportunities.


  • Teaching Yourself

Traders are usually on their own with very little or no assistance. Continuous self-directed learning and discipline is the key to success in your career. Many will quit during the learning phase due to losses suffered as a result of limited forex trading knowledge or poor trading.

  • Lack of Transparency

Due to the deregulated nature of the forex market, you are tradingalmost directly against seasoned professionals. As the market is broker-driven it isn’t always fully transparent. It’s always wise to deal with only regulated brokers who work under broker regulators. Remember that the market itself may have no regulators, but its brokers do.

  • Complex Price Determination

The value of currency is influenced by a number of factors. Primarily politics and economics drive changes in value, however these are difficult to analyse and draw conclusions from.

  • High Volatility

As macro-economic and geopolitical developments are uncontrollable and unpredictable it is easy to see big shifts in the forex market.

  • High Risk, High Leverage

Forex trading enables use of leverage, allowing profit/loss exposure many times your initial capital. Leverage of 50:1 can often be found, meaning you only need £1 to take a position worth £50. While a trader can benefit from leverage any loss is also greatly increased.

Often perceived as somewhat of an easy moneymaking career, forex trading is actually extremely testing and engaging. Perseverance, efficient money management, development, calculated risk taking and a strongtrading plan are vital for success in your forex trading career.

Time To Land That Prospective Client

Meetings, presentations, extra long hours at the office…it´s that time! Time to close that one deal that you´ve been working so hard on. Time to land that prospective client that will make or break that oh so sweet holiday bonus that you´ve been pining after the past few months. For those of you business folk out there, these are just a few of the factors involved in closing the deal. You´ve all experienced the hard work that goes into convincing that one client that your company is the best option on the market. Here are a few tips on how to land that client as well as stay in good standing with your company.

Entertain, entertain!

It is important to remember that not only are you selling your company based on its merits, but you are also selling yourself. That´s right! I mean who would want to invest in a company that is not represented by the best of the best. Hard work in the office only goes so far and then good ol´ entertainment is what´s left. All of a sudden, it matters what you say and do and of course how great your taste is in fine dining. So why not wow that potential client by giving them the best dining experience possible? Great food and entertaining conversation can persuade even the most hesitant of clients. We all know that the way to one’s heart is through their belly! And if you can’t actually take them anywhere, send a yummy gift basket from a store like Harry & David.


Now keep in mind that in closing any deal, not only are you expected to impress the potential client, but you are also expected to do so on a budget. Of course, any company would be willing to bear no expense if it means the addition of that long anticipated client. However, why not stay in good graces overall? Make sure that you stay on top of your budgeting throughout the landing process. These days there are many resources out there that offer tips and an abundance of information regarding financing. Why not take the extra step to secure 100% of that holiday bonus. You´ve earned it!

Saving Extra Money

As the old adage goes, save more than you spend and you shall never go broke! Of course this is much easier said than done. Since the deep recession we experienced just a few years back, consumers have been struggling to right their financial ships. It’s difficult enough to pay the bills on time let alone fund our retirement accounts and savings accounts. However, the problem with this argument is that potential savers will always avoid putting away extra money, thus delaying retirement for years or maybe even indefinitely. You might be young now, in your 20’s or 30’s, but retirement age will come sooner than you think. Let compound interest take effect and you will be glad that you started saving at a young age.

Utilizing a time deposit or fixed term savings can be a great low-risk way of saving money for your future. While there are minimum fees for these types of accounts, they are great for people around the world who want to own a mix of currencies. Also, you can store your money anywhere from one to twelve months, this is especially nice because the money isn’t locked so long that you are unable to access it in case of an emergency. Should you find yourself in an absolute emergency and need to access the funds, you can still be rest assured that you have the ability provided you are willing to pay an early termination fee.

Any type of 401k and IRA account is always a smart and safe investment for your future. If you have an employer that offers a 401k then you should act quickly to take advantage of it. If you employer offers a matching contribution then my advice would be to invest the minimum in order to get the full matching contribution. Anything less than that would be like throwing away free money. Seems like a no-brainer, but it’s amazing how few people max out their retirement contributions available to them. If you are already maxing out a 401k, then consider opening a Roth or Traditional IRA. Both of these accounts have tax benefits to them. A traditional IRA is great for people who feel their income and tax bracket will be higher now than in retirement. Much like a 401k you contribute pre-tax funds to an account, and the interest and withdrawals are taxed once you hit eligible retirement age. A Roth is sort of like a brokerage account. You invest post-tax money, but all of your withdrawals are tax free!

About Loans

Short-term loans are a viable means of covering the unforeseen and unexpected. Whilst most of us think we would never need this type of loan, we also understand that there are times where a little extra cash wouldn’t hurt. Thus, what criteria should you consider when applying for that all-important short-term cash advance?

Working with a Regulated Lender

First, make sure you are working with an authorized, regulated and well-established lender, one with a history of providing reasonable and affordable loans like That information should always be clearly visible on their website and it should be the first thing you look for.

Avoiding Pitfalls

Second, make sure you are working with a lender that doesn’t ask or force you to take out a larger loan than you can afford to repay. Whilst there are always times when more is needed, it’s best not to go beyond your budget. That short-term lender should work with you to outline a loan you can easily repay.

Your First Cash Advance

Third, be sure your short-term lender of choice takes the proper approach to your first cash advance. In this case, your initial loan amount should be smaller than any future loans they grant you. Whilst you may need anywhere from £200 to £1,100 on that first loan, it would not be responsible for the loan provider to grant you that sum.

Borrowing Within Your Means

Both you and the short-term loan provider must be able to start off with a smaller initial amount before moving to larger loan amounts. In fact, any short-term lender trying to get you to take out a larger sum than £500 is likely one you should avoid. That lender should be professional, courteous and willing to ask you pertinent questions about how much you can afford to borrow and when you can afford to make your payments.

Finally, make sure you are well aware of all the conditions of borrowing from your short-term lender of choice. In fact, there shouldn’t be any find print whatsoever. The short-term loan provider should be transparent and upfront about all the costs involved with the loan. You should have a clear understanding of how much is owed and when. Any loan provider that is not transparent is not one worth borrowing from.

Forex Strategies

There are many different strategies a trader can use when trading Forex, some more successful than others.

The Pin Bar

One of the most popular strategies used in Forex trading is the pin bar formation. The pin bar is a price action reversal pattern that indicates at what point a price was rejected in the market.

The actual pin bar itself is a bar with a long upper or lower “tail”, “wick” or “shadow” and a much smaller “body” or “real body.”    Pin bars can be found on most bar charts or candlestick charts. In fact, candlestick charts are used the most because they show the price action the clearest and are the most popular charts amongst professional traders. Traders prefer the candlestick version over standard bar charts because they provide a better visual representation of price action.

False Breakout

Here’s another Forex strategy worth looking into: the ‘False Breakout’ or ‘Fakeout’  trading strategy. A False Breakout is a price movement through an identified level of support or resistance that does not have enough momentum to maintain its direction. Since the validity of the breakout is compromised, traders will close their positions causing the price to not make the sharp move that many were expecting.

A false-break is really sort of a deception by the market. It works like a test on a price level that can result in a break of that level but instead of breaking, the market retracts and does not sustain itself above or below that level. The market does not close outside of the level being tested but makes a false-break of it. These false-breaks are good indications of impending market direction, and traders can use them to their advantage.

The Inside Bar

The Inside Bar Breakout Strategy is simple to apply and comes with huge rewards compared  to the amount of risk involved. The inside bar is in place when the highest price is lower than the preceding bar’s high, and the lowest price is higher than the preceding day’s low. In other words, an inside bar is said to have formed when entire bar’s price action range i.e.: Open, Low, high and close takes place within the high and low of the previous bar/day.

The Inside Bar Forex trading strategy is a popular system because it comes with an acceptable win/loss ratio. It doesn’t require any indicators and can be applied on the bare candlestick or bar chart. However, the entry conditions needed for this strategy occur quite infrequently so it is not often used.

The 5 Most Important Reasons to Save Money

In one of our recent blogs we talked about how to make a saving money easier. In today’s blog we’re going to look at 5 reasons that saving money is so important. The fact is, having enough to pay for everything you need, while a good thing, doesn’t mean that you shouldn’t be putting aside some money every month. There are a lot of excellent, and vital, reasons that you should be saving money, especially if you aren’t in debt right now.

Reason 1. Saving up for a down payment on a new home. Simply put, if you have a large down payment that you can put on your home, your negotiating power increases substantially. You can get better interest rates, possibly get a bigger home and, over time, will pay a lot less in interest on your smaller mortgage.

Reason 2. Creating an emergency fund. We’ve talked about this in several blogs before but it’s well worth repeating. Having an emergency fund set aside in a money market or checking account, one that can cover from 6 to 12 months’ worth of expenses, could mean the difference between financial stability and bankruptcy. If you get hurt, lose your job or for whatever reason don’t have any income coming in, having an emergency fund set aside could literally save you from destitution.

Reason 3. Saving for a family vacation. Spending time with your spouse and children can create powerful, strong and lasting bonds as well as wonderful memories. A trip to Europe or a cruise around the Caribbean is something that you and your family will remember for many years. Frankly, you also don’t want to pay for your vacation with credit because, in two or three years’ time, the resentment you feel because you’re still paying it off might negate any fond memories you have.

Reason 4. Saving for an automobile. Paying for a car, whether new or used, with cash will give you a lot more purchasing power. Having cash in hand in an automobile dealership gives you negotiating power that simply can’t be ignored. Also, not having a car payment every month will allow you to do much more with your weekly paycheck.

Reason 5. Saving for your eventual retirement. We’ve talked about this quite a few times in the past as well, because saving for retirement is extremely important. The earlier you start the better as compound interest will greatly add to your “nest egg” once you hit your golden years. Most experts believe that you should put between 10 and 15% of your gross income aside for retirement and, if you have a 401(k) with an employer matching program, match those funds to the maximum every year. Outside of a 401k you can and should open a brokerage account so you can diversify. Regardless of what you invest in, the more you put away early in life will be that much better for when you retire.

We hope you agree that those are five excellent reasons to save. There are others, to be sure, but we believe these are the most important. Saving money might not always be easy but, over a lifetime, could mean a huge difference in how you live your life and how you spend your time during retirement.